Conservative Political Forum

General Category => Financial => Topic started by: BILLY Defiant on October 17, 2011, 05:18:45 PM

Title: Lowes to shut stores and lay off 2,000 people
Post by: BILLY Defiant on October 17, 2011, 05:18:45 PM
 
No one can afford home repair so 2,000 people get the axe. >:(
 
 
http://news.yahoo.com/lowes-closes-stores-slashes-store-plan-123721596.html (http://news.yahoo.com/lowes-closes-stores-slashes-store-plan-123721596.html)
 
 
Billy
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: Dan on October 17, 2011, 05:20:36 PM
And the reason no one can afford home repairs is the lack of access to home improvement loans.

All aspects of housing demand are a direct function of liquidity provided by lenders.
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: tbone0106 on October 17, 2011, 06:01:11 PM
And the reason no one can afford home repairs is the lack of access to home improvement loans.

All aspects of housing demand are a direct function of liquidity provided by lenders.

Nah. Lowe's and Home Depot may both fold because there are nor enough customers in the stores to keep the doors open. In my part of the country, the new kid on the block is Menard's, and it's the equivalent of KMart in the 1970s and Walmart in the 1980s and 1990s. (Walmart seems to be a more durable version of the genre.) That is to say that Menard's is KILLING its competition with clever things like lower prices and unbeatable selection.

What CAN they be thinking of?
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: Solar on October 17, 2011, 06:19:29 PM
Nah. Lowe's and Home Depot may both fold because there are nor enough customers in the stores to keep the doors open. In my part of the country, the new kid on the block is Menard's, and it's the equivalent of KMart in the 1970s and Walmart in the 1980s and 1990s. (Walmart seems to be a more durable version of the genre.) That is to say that Menard's is KILLING its competition with clever things like lower prices and unbeatable selection.

What CAN they be thinking of?
Personally, I hope Home Despot folds, their backing of fagots was a final straw for me, I am more than happy to pay the extra buck to the little guy, rather than support the filth the Despot backs.
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: taxed on October 17, 2011, 09:41:44 PM
Damn...


It sucks they can't do anything more with all that building space...
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: CubaLibre on October 18, 2011, 05:28:09 AM
Don't worry; when the jobs bill passes, those jobs will be created and/or saved, along with millions of other jobs. You know, just like last time  ::) ::)
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: WashingtonLives on October 18, 2011, 08:46:00 AM
Don't worry; when the jobs bill passes, those jobs will be created and/or saved, along with millions of other jobs. You know, just like last time  ::) ::)


Ah-h-h-h-h-h-h-h-h-h-h-h-h-h-hh-h-h-h-h!!!!!   Sorry, my head almost exploded!!! lol
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: taxed on October 18, 2011, 09:43:27 AM
Personally, I hope Home Despot folds, their backing of fagots was a final straw for me, I am more than happy to pay the extra buck to the little guy, rather than support the filth the Despot backs.


In their defense, they got confused about the gay community being the largest consumers of wood...
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: tbone0106 on October 18, 2011, 03:50:52 PM
Don't worry; when the jobs bill passes, those jobs will be created and/or saved, along with millions of other jobs. You know, just like last time  ::) ::)

Jobs supported too -- you forgot that. There were billions, maybe tens of billions of those with the last stimulus!
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: bluelieu on October 18, 2011, 03:59:45 PM

In their defense, they got confused about the gay community being the largest consumers of wood...

Too funny!!!!!!!!!! :)) :)) :)) :)) :))
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: Dan on October 19, 2011, 12:22:15 PM
With all seriousness, we are seeing what I believe is a very real contraction in the economy. Forget the economic numbers. Just look at this stuff with your own eyes and tell me we are even treading water. Yes some areas of the country are doing well, but in the aggregate we are beginning to lose ground.
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: Solar on October 19, 2011, 02:38:35 PM
I swear, no matter how spin it, this is a depression, and historians will say its so in a decade or more.
I know economists at the moment won't go there, but they're all thinking it.
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: Dan on October 19, 2011, 02:46:21 PM
I swear, no matter how spin it, this is a depression, and historians will say its so in a decade or more.
I know economists at the moment won't go there, but they're all thinking it.


The moment a Republican takes office it will become a depression and they will immediately want to know what they hell he is going to do about it. lol. The leftwing press is so predictable. It's like watching a movie where you can guess the ending 15 minutes after the start.
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: walkstall on October 19, 2011, 07:01:28 PM
The houses that were being kept up will start deteriorating.  It will cost even more down the line.   Pay me now or pay me later. 
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: Solar on October 20, 2011, 07:00:00 AM

The moment a Republican takes office it will become a depression and they will immediately want to know what they hell he is going to do about it. lol. The leftwing press is so predictable. It's like watching a movie where you can guess the ending 15 minutes after the start.
You're probably right, they tried to peg Carter's mess on Reagan, and were seeing the same thing happening again today, only this POTUS is making it worse on purpose.
Title: Re: Lowes to shut stores and lay off 2,000 people
Post by: Solar on October 20, 2011, 07:10:12 AM
The houses that were being kept up will start deteriorating.  It will cost even more down the line.   Pay me now or pay me later. 
You hit on something I've been saying for quite sometime, once the kids are kicked out of power, sanity will return to the Country.
What I mean by that is, people will start picking these houses up and start minor repairs, slow at first, but as the demand increases for material, the price will follow, and like a slinky walking down stairs, it will see a rubber-band effect on the economy, more demand means higher prices, higher prices means profit, profit means production and things will snowball from there.
Like the Slinky, its momentum pulls both factors along.
We just need a President to push the Slinky down the stairs.

Sounds simple, I know, but it really is that simple, people are just waiting for the children to leave so they know whatever small investment they make, will be one that turns a profit.